Come learn Gboogie’s No Money Down Credit system. Learn how to build business credit with little or no money. The same tactics lawyers and Cpa’s charge thousands for. Get membership and a ton of free products. All this and more june 12,2010 4:30(est). For a discount click here . For more great Business credit information from the King of Business Credit visit http://gboogie.net/default.aspx
Archive for May, 2010
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May 30, 2010BP Top Kill Oil Fix Gone Bad
May 30, 2010ROBERT, La. – The most ambitious bid yet to stop the worst oil spill in U.S. history ended in failure Saturday after BP was unable to overwhelm the gusher of crude with heavy fluids and junk. President Obama called the setback “as enraging as it is heartbreaking.”
The oil giant immediately began readying its next attempted fix, using robot submarines to cut the pipe that’s gushing the oil and cap it with funnel-like device, but the only guaranteed solution remains more than two months away.
The company determined the “top kill” had failed after it spent three days pumping heavy drilling mud into the crippled well 5,000 feet underwater. It’s the latest in a series of failures to stop the crude that’s fouling marshland and beaches, as estimates of how much oil is leaking grow more dire.
The spill is the worst in U.S. history — exceeding even the 1989 Exxon Valdez disaster — and has dumped between 18 million and 40 million gallons into the Gulf, according to government estimates.
“This scares everybody, the fact that we can’t make this well stop flowing, the fact that we haven’t succeeded so far,” BP PLC Chief Operating Officer Doug Suttles said Saturday. “Many of the things we’re trying have been done on the surface before, but have never been tried at 5,000 feet.”
Frustration has grown as drifting oil closes beaches and washes up in sensitive marshland. The damage is underscored by images of pelicans and their eggs coated in oil. Below the surface, oyster beds and shrimp nurseries face certain death. Fishermen complain there’s no end in sight to the catastrophe that’s keeping their boats idle.
News that the top kill fell short drew a sharply worded response from President Barack Obama, a day after he visited the Gulf Coast to see the damage firsthand.
“It is as enraging as it is heartbreaking, and we will not relent until this leak is contained, until the waters and shores are cleaned up, and until the people unjustly victimized by this manmade disaster are made whole,” Obama said Saturday.
In the days after the spill, BP was unable to use robot submarines to close valves on the massive blowout preventer atop the damaged well, then two weeks later ice-like crystals clogged a 100-ton box the company tried placing over the leak. Earlier this week, engineers removed a mile-long siphon tube after it sucked up a disappointing 900,000 gallons of oil from the gusher.
In the latest try, BP engineers pumped more than 1.2 million gallons of heavy drilling mud into the well and also shot in assorted junk, including metal pieces and rubber balls.
The hope was that the mud force-fed into the well would overwhelm the upward flow of oil and natural gas. But Suttles said most of the mud escaped out of the damaged pipe that’s leaking the oil, called a riser.
Suttles said BP is already preparing for the next attempt to stop the leak that began after the Deepwater Horizon drilling rig exploded in April, killing 11 people.
The company plans to use robot submarines to cut off the damaged riser, and then try to cap it with a containment valve. The effort is expected to take between four and seven days.
“We’re confident the job will work but obviously we can’t guarantee success,” Suttles said of the new plan, declining to handicap the likelihood it will work.
He said that cutting off the damaged riser isn’t expected to cause the flow rate of leaking oil to increase significantly.
The permanent solution to the leak, a relief well currently being drilled, won’t be ready until August, BP says.
Experts have said that a bend in the damaged riser likely was restricting the flow of oil somewhat, so slicing it off and installing a new containment valve is risky.
“If they can’t get that valve on, things will get much worse,” said Philip W. Johnson, an engineering professor at the University of Alabama.
Johnson said he thinks BP can succeed with the valve, but added: “It’s a scary proposition.”
Word that the top-kill had failed hit hard in fishing communities along Louisiana’s coast.
“Everybody’s starting to realize this summer’s lost. And our whole lifestyle might be lost,” said Michael Ballay, the 59-year-old manager of the Cypress Cove Marina in Venice, La., near where oil first made landfall in large quantities almost two weeks ago.
Johnny Nunez, owner of Fishing Magician Charters in Shell Beach, La., said the spill is hurting his business during what’s normally the best time of year — and there’s no end in sight.
“If fishing’s bad for five years, I’ll be 60 years old. I’ll be done for,” he said after watching BP’s televised announcement.
The top official in coastal Plaquemines Parish said news of the top kill failure brought tears to his eyes.
“They are going to destroy south Louisiana. We are dying a slow death here,” said Billy Nungesser, the parish president. “We don’t have time to wait while they try solutions. Hurricane season starts on Tuesday.”
Creditboards with Gboogie
May 25, 2010The weirdest thing happened the other day. One of my people found a post on creditboards where the resident “know it all”(greywolf) called my youtube videos annoying. I found that very funny. The thing with these so-called gurus is that none of them do this for a living. They take a scenario that worked for them way back when and pretend to be experts on the subject. When in reality they are scam artists. Question… If you don’t build and sell shelf corporations for a living, how(or why)would you just hang around a blog all day to make yourself feel important?. These are the types of people who have nothing to do all day but criticize. If you don’t build corps all day long how would you know what works and what doesn’t? How would you know what tiers go where and so on? I guess based on everyone else’s input huh? What reason would you have to still be hanging around? Well i have an idea. Some people need an external source of self-worth. Instead of investigating the info so you can give your readers something positive people like that immediately shoot it down. It kills me to read things like..”well this is what i just got approved for”. I’m like…”why would you need all of these corps?” Besides all of that, that’s not even your website that you’re riding so hard. Get off of creditboards teabags and get your own site. Anyway…i gues im through venting, it’s just so easy to tell when people don’t know anything. The guy acknowledged that he say my videos. Why would a business credit “expert” be looking at my videos? Why would he be searching the internet for info if he already knows everything? this is very puzzling. I never search the web for information on how to build business credit because i already know how. I get sent links from associates every time they see my name mentioned somewhere. Thats the only time i even entertain what was said. besides that….i have too much to do like actually building corps and showing others how to do it. SO….. This is a request for anyone who has gotten any useful information from our youtube videos,ustream videos,mogulus(livestream)videos,stickam videos, or the videos or ebooks from our website. Go to creditboards and let everyone know this. After viewing our information, please go there and view theirs(if you can find anything relevent). Leave a post with our website name and let people know where they can go to learn a little bit more(assuming they learned anything from there). I think information should be available to everyone and one know it all(greywolf) should not stop people from being successful because of an ego problem. Thanks im sure this will help everyone. For everyone that goes over there and leaves a post. If you send us the posted link we will give you a special discount on membership.
gboogieamerica@yahoo.com
Business Credit for Beginners
May 21, 2010Technique for beginners
This is strictly for informational purposes.
This technique was designed for businesses that start on a shoestring. Meaning very little money.I will personally share with you one of my best kept trade secrets on how to build business credit with little or no resources. I will take through what I do for some of my clients and explain what is going on in a story form.
An individual comes to me and says “I have a business, and I need to build credit” for whatever reason. They have tax ID, no landline phone, and they are not incorporated. Also they only have about $500 to go towards this endeavor. They say that they have at least 60 days or so until they need the financing for whatever. It also happens to be the 13th of the month. That’s perfect timing! The last reporting period has just ended, and I get to start at the beginning of the next one.
First thing I do is incorporate the business. In that particular state, it cost $100. Leaving me with $400 as my budget. Next i called embarq and had a business land line put in. Embarq does not charge a deposit for new businesses, and they report very fast on your business credit file. After the Articles of Incorporation are received in the mail, I go to OfficeMax. In the copy section of the store(copymax), I request a corporate package consisting of a corporate binder and seal. The binder holds all the stock and other corporate documents, and the seal is to stamp all documents with relating to the corporation. This package ended costing $65. leaving me $335 to work with. (when i receive the binder i have a shareholders and set salaries etc… )
By now It’s the 16th of the month, And I have already applied for and received my d&b number. I have already applied for an eupdate password, and have already updated my dun and bradstreet file. Today I place orders. Knowing that I need at least need 3 trade lines in order to get a paydex score, and also knowing that embarq will report on my file, I still need to place at least three net account orders. I go with my top three; Uline,grainger,and seton. keeping my orders right at $50.00 a piece. Once those orders are paid. I will have roughly $185.00 left as a budget.
Now it’s the 17th, and I take $85 down To a bank in their town add open a corporate bank account. Even though it’s not much, believe me, just having a bank account helps you build credit. That leaves me with $100, and pretty much nothing else to buy at the moment. Now I will register at the home depot, staples, and office depot websites and request catalogs. Also, I register their business with all of the online directories including mapquest. With the $100 I have left, I make several small online purchases from staples and office depot over the course of the next two weeks. The reason I do this is because I really need those two revolving accounts next. Registering and making multiple orders over time gives me a customer rewards card from both. It shows that I am a current customer which will be what I need when i’m ready to apply for credit.
Normally, by the 15th or so of the next month, I see embarq, seton,and uline on my credit report, giving me a paydex score of 80. Because I did not buy the credit builder I will have to wait another month for grainger to appear. With that 80 paydex, and combined credit of $150, I apply for office depot and staples. I usually get approved for anywhere from $1500-$2000 with staples. Between $1000-$2000 with office depot. For the sake of argument we will say approved for $2000 for both. I Then sign the business up for a merchant account so the company can accept credit cards. No money is needed up front, Just a percentage of what is processed goes to them.
So far a month has gone by, and it’s time for the next step. I go down to staples and office depot and purchase $2000 worth of vanilla visa cards, and american express gift cards from each store. I then go home and load them into my credit card machine that happens to be connected to the business’ bank account. Minus the transaction fees, I am left with the change. Lets say roughly $3,700.Leaving $3,785 in the account. I would then purchase a 90 CD from that bank for the amount of $1000. Next I would request a secured credit card for $1000. Then a secured loan against the CD for $500.00. Still leaving $1,785. I would then place $500 into a corporate savings account. Leaving $1,285 in the corporate checking account.
You have 30 days before the staples and office depot bill arrives, You may as well use that same 30 days to build credit with their money. The minimum payment on $2000 will be roughly $80 give or take. So lets say $160 a month for both. I would set $500 to the side for three months worth of payments. Leaving us with $785 in the account and a three month cushion.
There are so many different ways I could go from here but I will just leave the creativity up to you. This is as much of my trade secret I am prepared to give away. The rest is up to you. Just apply one of these concepts to your own experiences. Pleas take advantage of the forums so we may better answer questions that you have.
thank you for listening.
gboogie “king of business credit“
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